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ShelladyOptions
Senior Contributor

OptionEye....May 22nd

Good morning.

 

After a few days off in aid of all of the protesters we are back in the saddle again.

 

I am still VERY concerned about this crop and the ensuing tightness.

 

I am still very concerned about the macro situation and what is unfolding in front of our very eyes. Reports now coming through that the JPM situation may be much much worse than initially reported. Greece will exit the European Union and we will get more Central Bank funding that will continue to crush interest rates along the curve. Equities will languish at these levels until we have some clarity. The Euro will make a run at 1:1 with the dollar.

 

The capital flows have been difficult as of late and the traders here on the floor that still trade a lot of options in open outcry are finding the money movements trying at best. All the while they are keeping an eye on the competition from ICE.

 

The world is getting a lot more interesting.

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